Short Interest in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) Drops By 41.2%

Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totalling 1,040,000 shares, a decline of 41.2% from the June 30th total of 1,770,000 shares. Based on an average daily volume of 704,800 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On Tradr 2X Short Innovation Daily ETF

A hedge fund recently bought a new stake in Tradr 2X Short Innovation Daily ETF stock. Nicholas Hoffman & Company LLC. bought a new stake in Tradr 2X Short Innovation Daily ETF (NASDAQ:SARK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 15,000 shares of the company’s stock, valued at approximately $403,000. Nicholas Hoffman & Company LLC. owned 0.31% of Tradr 2X Short Innovation Daily ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Tradr 2X Short Innovation Daily ETF Trading Down 2.8 %

SARK stock traded down $0.85 during midday trading on Friday, reaching $29.92. 915,356 shares of the company were exchanged, compared to its average volume of 1,194,311. The business has a 50-day moving average price of $29.95 and a two-hundred day moving average price of $28.96. Tradr 2X Short Innovation Daily ETF has a one year low of $24.95 and a one year high of $46.34.

About Tradr 2X Short Innovation Daily ETF

The AXS Short Innovation Daily ETF (SARK) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively-managed fund that seeks to achieve -1x the return, for a single day, of the ARK Innovation ETF (ARKK) through swap agreements with major global financial institutions.